News and Announcements

Gemfields announces that on Friday 20 October 2023, the Company purchased 2,853,200 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at a price of ZAR3.15. This completes a USD 10 million share buyback programme approved by shareholders.

Following the previously announced purchase of 31,610,735 of the Company’s own ordinary shares of USD0.00001 (“Ordinary Shares”) on Wednesday 18 October 2023, Gemfields announces that as of that date, a total of 55,570,701 Ordinary Shares had been purchased.

Gemfields announces that on Wednesday 18 October 2023, the Company purchased 31,610,735 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at a price of ZAR3.15. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Gemfields announces that on Tuesday 17 October 2023, the Company purchased 3,324,060 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1500. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Gemfields announces that on Monday 16 October 2023, the Company purchased 3,102,845 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1500. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Gemfields announces that on Friday 13 October 2023, the Company purchased 1,286,750 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) all at a price of ZAR3.15. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.